Extra taxation and fares for profitable real estate investment
Are there any extra taxation and fees for profitable real estate investment ?
The following tax and fees are necessary for purchasing profitable real estate.
1.Consumption Tax
The purchased land is tax-free. Only the purchased building is under the taxation requirement (currently, at 5%).
2.Registration Tax
Ownership transfer registration for the purchased real estate is required. The statutory payment is ownership transfer registration tax. The mortgage registration is also required for borrowing a loan. For the abovementioned registrations, the client needs to execute the relevant procedures via a legal intermediary. The intermediary fee is an extra payment accordingly.
3.Real estate
Acquisition Tax
The real estate acquisition tax is required when purchasing real estate.
4.Stamp Duty
Stamp duty is required to be paid in accordance with transactional agreements. Stamp duty is a progressive tax, which is in direct proportion with the real estate price.
5.Adjustment
Property Tax
Property Tax is required when owning real estate. The seller and purchaser adjust the amount of property tax.
6.Brokerage Fee
Brokerage fee need to be paid to the real estate brokerage agency(Land Price + Building Price(excluding Consumption Tax))×3%+60,000 Yen+ Consumption Tax(5%)).
Friendly Reminder: The listed taxation and fee should also be taken into account when purchasing real estate, as well as the relevant fund planning.
